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Tuesday, December 6, 2022
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Apple and Tesla Stock Aren’t What They Were in August. Here’s What Has Changed.

No two stocks better represent investor risk-taking sentiment than


Tesla


and


Apple


two of the five largest, most popular companies in the


S&P 500


And no two stocks now represent investor risk aversion than they do now.



Apple


of course, is the biggest stock in the S&P 500 and probably represents safety more than any other stock. And through Aug. 17, it had acted that way, with the stock down just 1.7% versus a 10.3% drop for the S&P 500. It had also outperformed the rest of big tech, including


Amazon


(AMZN),


Alphabet


(GOOGL), and


Microsoft


(MSFT), which were down 15%, 17%, and 13%, respectively at the same time.

Source

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